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Property profile & analytics
OFF-MARKET
Warehouses
1154 Marion St Shelby, NC 28150-4844
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2696585
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Total area
3,630 SF
Lot
1.05 ac (45,540 SF)
Zoning code
GB
APN
21237
UPID
US53-2696585
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sjmc LLC · 1 yrs held
Sjmc LLC
since 2025
1 recorded transaction
Zoning & alternative use
GB · Shelby, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The GB business district is established as a district in which to accommodate a wide range of retail business, professional and personal services office and limited wholesale and warehousing uses, areas zoned as GB are generally located on the fringe of the central business district and along major highway corridors, residential uses are permitted at the sam…
Zone name
General Business
General category
COMMERCIAL
Zone area
1,307.36 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Shelby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelby submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$591
Tax year 2024
Assessed value
$49,039
Assessed 2023
Previous assessed
$49,039
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$40,278
Assessed improvement
$8,761
Land market value
$40,278
Improvement market value
$8,761
Total market value
$49,039
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Heating
RADIANT
Stories
1
Total area
3,630 SF
Lot
1.05 ac (45,540 SF)
Zoning code
GB
APN
21237
UPID
US53-2696585
Jurisdiction
CLEVELAND
Zoning & alternative use
GB · Shelby, NCZoning GB · permitted uses
GB · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The GB business district is established as a district in which to accommodate a wide range of retail business, professional and personal services office and limited wholesale and warehousing uses, areas zoned as GB are generally located on the fringe of the central business district and along major highway corridors, residential uses are permitted at the same density and according to the same dimensional requirements as the R6 residential district
Zone name
General Business
General category
COMMERCIAL
Zone area
1,307.36 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1950
Heating
RADIANT
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Sjmc LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1259 ANDOVER RD, CHARLOTTE, NC 28211-1937
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2025
$100,000
Sjmc LLC
Joy Harris Walters Family Trust
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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